February 24, 2025
Granville Street is set for a bold transformation. A proposed car-free entertainment district could turn six city blocks into a pedestrian-first hub for live performances, dining, and nightlife. With major redevelopments, new towers, and landmark projects in the works, this shift could reshape Vancouver’s commercial real estate market. For businesses, investors, and tenants, the changes […]
November 5, 2024
In today’s evolving office landscape, tenants, landlords, and developers are adapting to shifting market dynamics with unique approaches to meet current demands. In this post, we’ll explore the latest market trends from the perspectives of three key stakeholders: occupiers, landlords, and developers. Office Occupiers – Business Owners 1. Flight to Quality The “flight to quality” […]
October 15, 2024
Vancouver’s office market continues to evolve as companies continue to seek out unique and inspiring spaces. Among these spaces is Vancouver’s Marine Building, a landmark that merges historic architecture with modern business needs. Located at 355 Burrard Street, The Marine Building is an art deco masterpiece, completed in 1930. This iconic heritage building continues to […]
September 25, 2024
This month, Floorspace Associate Vice President Christopher O’Neill was featured in the latest BIV News magazine life sciences edition on enabling a globally competitive life sciences sector. In the publication, the False Creek Flats neighbourhood was highlighted as being on the verge of a major transformation, driven by the clustering of life sciences and technology […]
November 15, 2022
Floorspace is proud to present our Q3 2022 update on notable office leasing activity in Vancouver, British Columbia. We’ve highlighted First Movers over the past quarter – companies who have made a commitment to move, sublease, expand their footprint or renew their leases. As reported by CBRE, Metro Vancouver’s overall office vacancy rate increased by […]
August 17, 2022
Floorspace is proud to present our summer 2022 update on notable office leasing activity in Vancouver, we’ve highlighted First Movers over the past quarter – companies who have made a commitment to move, sublease, expand their footprint or renew their leases. Q2 2022 showed more activity in the Vancouver market, as companies continue to plan […]
June 6, 2022
The proposed mass-timber 12-storey mixed-use project in Mount Pleasant (named T3 Mount Pleasant), recently received support from the City Design Panel following support from the Heritage Commission – another step closer to Development Permit approval. Developed by the global real estate investment firm Hines alongside local developer PC Urban, once complete, the project will bring […]
April 27, 2022
Floorspace is proud to present the first instalment of our 2022 quarterly update on notable office leasing activity in Vancouver, we’ve highlighted First Movers over the past quarter – companies who have made a commitment to move, sublease, expand their footprint or renew their leases. Q1 2022 showed slightly less activity than the final quarter […]
February 4, 2022
In the final installment of our 2021 quarterly updates on notable office leasing activity in Toronto, we’ve highlighted First Movers over the past quarter – companies who made a commitment to move, sublease, expand their footprint or renew their leases. Q4 2021 was a busy quarter in the greater Toronto area with leasing activity (absorption) […]
January 23, 2022
Q4 2021 was a busy quarter in Metro Vancouver with leasing activity (absorption) of approximately 400,000 square feet downtown and 280,000 square feet in the suburbs – an increase since Q3 2021. With this increase in activity, the office market saw its first decline in vacancy since the beginning of the pandemic. Vancouver continues to […]
January 11, 2022
Rendition Developments recently submitted their development application to the City of Vancouver for a new office and light-industrial development, located at 37-45 West 7th Avenue in the Mount Pleasant neighbourhood. The future 4-storey, mixed-use building will replace a dated commercial building. The project, designed by FRANCL, is inspired by mid-century modern architecture. The development application […]
January 10, 2022
On December 20, 2021 Vancouver City Council unanimously approved rezoning applications from developers Beedie and Dayhu, for AbCellera’s new biotech research campus at 110 West 4th Avenue and 150 West 4th Avenue. Both buildings will host AbCellera Biologics in supporting the company’s rapid growth. City staff provided AbCellera a rare, expedited path of combining the […]
January 6, 2022
Hudson Pacific Properties recently submitted their development application to the City of Vancouver for Burrard Exchange at 1025 Dunsmuir Street. The future 16-storey, mass timber office building will be the fifth tower located on the Bentall Centre complex. Bentall Centre is currently comprised of four office towers, all completed from the late 1960s to early […]
October 31, 2021
In the first installment of our quarterly update on notable office leasing activity in Toronto, we’ve highlighted the First Movers over the past quarter – companies who made a commitment to move, sublease, expand their footprint or renew their leases. The downtown Toronto and GTA office markets remain relatively soft due to the effects of […]
October 27, 2021
In the first installment of our quarterly update on notable office leasing activity in Vancouver, we’ve highlighted the First Movers over the past quarter – companies who made a commitment to move, expand their footprint or renew their leases. Q3 2021 was a busy quarter in Vancouver for leasing activity. Most large commercial real estate […]
October 5, 2021
Tech Office recently visited Bonnis Properties’ development at 950 Granville (consolidated as 950, 958 and 968 Granville St.) Demolition of the site is underway to begin the construction of the first phase’s four-storey concept. As reported by Urbanized earlier this year, a six storey concept of the building (if approved) could have a density of […]
September 14, 2021
Great West Life Realty advisors (GWLRA) and Healthcare of Ontario Pension Plan’s (HOOPP) design of VCII caters to tenant needs along with COVID-19 considerations. Construction is well advanced at Vancouver Centre II (VCII) located at 733 Seymour Street. Developed in partnership with GWLRA and HOOPP, VCII is more than 50% leased to companies that include […]
August 27, 2021
Oxford’s newest development at 1133 Melville Street in Vancouver will continue their legacy of building world class buildings, with market-leading amenities. Construction at 1133 Melville Street – the soon to be tallest office building in the city of Vancouver – is moving along swiftly; the project is expected to ‘top-off’ in late 2021 with tenants […]
August 3, 2021
LaSalle College Vancouver hosted a groundbreaking ceremony last week for their new campus on Kaslo Street in Vancouver, steps from the Renfrew SkyTrain Station. As one of the leading art and design schools in Canada, LaSalle offers a variety of media arts, graphic design, culinary and film programs to their students. In 2021 they were […]
July 16, 2021
The growth of US tech companies in Vancouver continues, with another California-based software company expanding in the downtown financial core. It was announced earlier this week that human capital management provider Workday will be expanding their Canadian presence, with an anchor lease for approximately 27,000 square feet at 601 West Hastings Street. 601 West Hastings […]
July 9, 2021
Developer Yuanheng Holdings and their architect Andrew Cheung Architects have submitted a rezoning application for an office tower at the corner of West Broadway and Hemlock. The property is currently occupied by Jim Pattison Toyota and zoned C3-A (commercial). From the City of Vancouver: The proposal is to allow for the development of a 24-storey […]
May 5, 2021
Best Buy Canada announced that they will move their Vancouver HQ from their current location in South Burnaby, to a new office tower being developed by Cressey on the northwest corner of Yukon and West 6th Avenue. The development is located one block east of Cambie Street and only a few minutes walking distance to […]
April 30, 2021
Homegrown biotech company AbCellera announced plans to further expand their footprint in Mount Pleasant, in a partnership with Beedie Development. AbCellera currently occupies space at 2215 Yukon Street (their original HQ in Mount pleasant), along with location at 2131 Manitoba Street, built by Wesgroup, and the recently announced development at 150 West 4th Avenue that […]
March 31, 2021
While office employers around the world were focusing on their shelter-in-place requirements, and moving to a work from home model, Canada Life signaled their confidence in office work by acquiring a large development site in Vancouver in the midst of the COVID-19 Pandemic. Designed by prominent Vancouver-based Musson Cattell Mackey Partnership (MCMP), 1296 Station Street […]
February 1, 2021
New office building proposed at 302 West 2nd, between Alberta and Yukon near Olympic Village Station.
December 11, 2020
Quadreal and PC Urban, together with MCMP, have submitted an application to the City of Vancouver for approximately 265,000 sf of office and retail space near Victory Square, at the corner of Cambie and West Pender Street. The partners at MCM Architects, who designed the building, are well known for their office projects in Vancouver. […]
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